GAMMA Investing LLC Acquires 197 Shares of Materion Co. (NYSE:MTRN)

GAMMA Investing LLC lifted its holdings in shares of Materion Co. (NYSE:MTRN) by 307.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261 shares of the basic materials company’s stock after acquiring an additional 197 shares during the quarter. GAMMA Investing LLC’s holdings in Materion were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quest Partners LLC lifted its holdings in Materion by 25,600.0% in the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after buying an additional 256 shares during the period. ARK Investment Management LLC bought a new position in shares of Materion in the 3rd quarter worth approximately $85,000. Algert Global LLC purchased a new position in shares of Materion in the 2nd quarter valued at approximately $225,000. Deerfield Management Company L.P. Series C purchased a new position in shares of Materion in the 2nd quarter valued at approximately $247,000. Finally, Centiva Capital LP bought a new stake in shares of Materion during the third quarter valued at approximately $259,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Price Performance

MTRN opened at $99.50 on Thursday. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 28.03 and a beta of 1.24. The stock has a fifty day simple moving average of $108.30 and a two-hundred day simple moving average of $109.03. Materion Co. has a 12-month low of $93.20 and a 12-month high of $145.08.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. During the same period in the prior year, the firm earned $1.39 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Research analysts predict that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.135 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.54 annualized dividend and a dividend yield of 0.54%. Materion’s payout ratio is 15.21%.

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at $1,414,484.67. The trade was a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.